REG - Gooch & Housego PLC - Completion of Acquisition and Issue of Equity

Gooch & HousegoAnnouncement

21/07/2023 12:00

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RNS Number : 8315G  Gooch & Housego PLC  21 July 2023

 

     21 July 2023

 

Gooch & Housego PLC

("G&H" or the "Company" or the "Group")

 

Completion of acquisition and issue of equity

 

 

Gooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical
components & systems, announces that further to the announcement on 19
July 2023 that it had conditionally acquired the entire issued share capital
of Artemis Optical Holdings Ltd ("Artemis"), this acquisition has now
completed.

 

Pursuant to the terms of this acquisition the Company has made an application
to the London Stock Exchange for the 412,088 new ordinary shares to be
admitted to trading on AIM. It is expected that admission will become
effective on 27 July 2023.

 

Following the issue of the 412,088 new ordinary shares, the total number of
ordinary shares in issue as at the date of this announcement is 25,786,397
with each share carrying the right to one vote. There are no shares held in
Treasury. The total number of voting rights in the Company is, therefore,
25,786,397.

 

The above figure of 25,786,397 may be used by shareholders as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the Company, under
the FCA's Disclosure and Transparency Rules.

 

 

 

 

For further information please contact:

 

 Charlie Peppiatt, Chief Executive Officer                  Gooch & Housego PLC      +44 (0) 1460 256440

 Chris Jewell, Chief Financial Officer

 Mark Court / Abigail Gilchrist                             Buchanan                 +44 (0) 20 7466 5000

 G&H@buchanan.uk.com (mailto:G&H@buchanan.uk.com)

 Christopher Baird / David Anderson                         Investec Bank plc        +44 (0) 20 7597 5970

 

 

Notes to editors

 

1.     Gooch & Housego is a photonics technology business
headquartered in Ilminster, Somerset, UK with operations in the USA and
Europe. A world leader in its field, the company researches, designs,
engineers and manufactures advanced photonic systems, components and
instrumentation for applications in the Aerospace & Defence, Industrial,
Life Sciences and Scientific Research sectors. World leading design,
development and manufacturing expertise is offered across a broad range of
complementary technologies.

 

2.     All financial information included in this announcement is sourced
from unaudited management accounts and excludes any specific items. This
announcement contains certain forward-looking statements that are based on
management's current expectations or beliefs as well as assumptions about
future events.  These are subject to risk factors associated with, amongst
other things, the economic and business circumstances occurring from time to
time in the countries and sectors in which G&H operates.  It is believed
that the expectations reflected in these statements are reasonable but they
may be affected by a wide range of variables which could cause actual results,
and G&H's plans and objectives, to differ materially from those currently
anticipated or implied in the forward-looking statements.  Investors should
not place undue reliance on any such statements. Nothing in this announcement
should be construed as a profit forecast.

 

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